Layoffs 2024 Intel. In addition to the 1,300 layoffs revealed in oregon, intel last week filed notices of 227 cuts in folsom, california, 47 in silicon valley, 385 in arizona and 251 in austin, texas. Intel, the silicon valley chip maker, said on thursday that it would slash more than 15,000 jobs to aid a turnaround plan, as the company tries to recover after a series of stumbles.

Intel posted a 38.7% gross margin, a notable 4.8. Intel’s on a long, long road to recovery, and over 15,000 workers will no longer be coming along for the ride.